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TJX Companies slumps after profit view disappoints

Published 05/16/2017, 09:32 AM
© Reuters.  TJX Companies slumps after profit view disappoints
TJX
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  • TJX Companies (TJX -4.3%) trades lower after the profit guidance issued by the retailers disappoints.
  • The company says it sees Q2 EPS of $0.81 to $0.83 vs. $0.92 consensus and full-year EPS of $3.82 to $3.89 vs. $3.80 to $3.89 prior and $3.90 consensus. F/X and wage pressure are cited by TJX as two drags on the bottom line.
  • Comparable sales in Q1 came in just short of analyst expectations, +1.0% vs. +1.5% consensus.
  • Previously: TJX beats by $0.03, misses on revenue (May 16)
  • Now read: Why I'm Building My Position In TJX


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